Motor Insurance

Motor Insurance

Why wait? Your motor car deserves more than what is expected.

Introducing our newly enhanced benefit, you can whiz through your motoring needs with a peace of mind. To meet your preferences at an affordable premium for added protection, we offer a choice of two comprehensive plans: AutoExcel and AutoSafe

What AutoSafe provides:

  • Enjoy discount from basic premium.
  • One-Time waiver of excess will apply to the insured and named drivers in the event of own damage claim at our authorised workshops. (For Private Car / Parallel Imported Models only)
    * Subject to policy terms & conditions
  • Coverage is based on "Market Value' instead of sum insured. (Full Prevailing "market value" at time of loss). You will be reimbursed the full market value based at time of loss in the event of total loss due to theft or severe damage.
  • Repair of vehicle / replacement of windscreen is compulsory to be carried out at our authorised workshops.
  • Unlimited Windscreen/ Sunroof/ Moonroof coverage.
    - Autoreinstatement for Windscreen / Sunroof / Moonroof coverage subject to an excess of S$100.
  • Insured against third party liability, death or bodily, property damage, legal services
    - Covers against Third party liability including death or bodily injury, property damage.
  • Free extension for Strike, Riot, Civil Commotion, Flood, Typhoon, Hurricane, Cyclone Tornado, Volcanic Eruption, Earthquake or other convulsion of nature.
  • Reimbursement of medical expenses up to S$300 each, for driver and passenger.
  • Exclusive Personal Accident Benefit for Policyholder up to S$20,000.
  • Passenger Risk Cover.
  • Bodykit protection. For a nominal charge, you can enhance your protection against damage to your car bodykit without affecting your NCD up to a limit of S$1,000.
  • Third party legal liability of passenger for acts of negligence.
  • Loyalty discount rewards for up to maximum 20% for subsequent renewal.
    *Subject to terms & conditions
  • Free 24 hours accident towing services, limit S$300 for any one accident in Singapore & Malaysia.
  • Provide free advice & assistance in formulating third party claim with complete peace of mind.
  • 6 month warranty on repairs.

What AutoExcel provides:

  • No restriction on workshop, including distributor's agent workshop for repair.
  • One-Time waiver of excess will apply to the insured and named drivers in the event of own damage claim at our authorised workshops. (For Private Car / Parallel Imported Models only)* Subject to policy terms & conditions
  • Coverage is based on "Market Value' instead of sum insured. (Full Prevailing "market value" at time of loss). You will be reimbursed the full market value based at time of loss in the event of total loss due to theft or severe damage.
  • Indemnify you against accidental loss or damage (including its accessories & spare parts) to your car.
  • Insured against third party liability, death or bodily, property damage, legal services
    - Covers against third party liability including death or bodily injury, property damage.
  • Free extension for Strike, Riot, Civil Commotion, Flood, Typhoon, Hurricane, Cyclone Tornado, Volcanic Eruption, Earthquake or other convulsion of nature.
  • Reimbursement of medical expenses up to S$300 each, for driver and passenger.
  • Exclusive Personal Accident Benefit for Policyholder up to S$20,000.
  • Unlimited Windscreen / Sunroof / Moonroof coverage.
    *Subject to terms & conditions
    - Autoreinstatement of Windscreen / Sunroof / Moonroof coverage subject to an excess of S$100.
  • Passenger Risk Cover.
  • Bodykit protection. For a nominal charge, you can enhance your protection against damage to your car bodykit without affecting your NCD up to a limit of S$1,000.
  • Third party legal liability of passenger for acts of negligence .
  • Loyalty discount rewards for up to maximum 20% for subsequent renewal. *Subject to terms & conditions

NO CLAIM DISCOUNT PROTECTION (NO CHARGE) – FOR SELECTED CASES

The No Claim Discount (NCD) entitlement is protected as follows
(APPLICABLE TO POLICYHOLDERS WITH 10% NCD AND ABOVE):

NCD ENTITLEMENT ON RENEWAL OF THE POLICY
No. of claims made or arisen during the period of insurance Existing NCD entitlement is 10% Existing NCD entitlement is 20% Existing NCD entitlement is 30% Existing NCD entitlement is 40% Existing NCD entitlement is 50% 
ONE 10% 20% 30% 40% 50%
TWO NIL NIL NIL 10% 20%
THREE OR MORE NIL NIL NIL NIL NIL

The No Claim Discount Protection applies only when policy is renewed with us.

This No Claim Discount Protection is not applicable to cases involving the loss of NCD as a result of not reporting or late reporting of accidents as set out under the Policy.  It is also not applicable for vehicles registered under the Company name.

The No Claim Discount (NCD) entitlement is non-transferable.

 

With an additional premium of S$150 + GST, the policy would extend to cover the following:-

  • Total Loss Protection - This would mean that in the event of total loss, we would not total loss the vehicle even if it is not economical to repair the vehicle unless LTA state that it is unsafe to repair the vehicle.
  • Loan Protector - We shall settle the outstanding loan amount (up to a maximum sum of S$50,000) to the finance company in the event if the insured died in a road traffic accident.
  • SOS Emergency Evacuation - Policy will pay up to a sum of S$25,000 per passenger / driver if the insured / passengers sustained a serious injury after an accident in West Malaysia and the medical conditions warrant an emergency evacuation.
  • Personal Accident - to insured increase to S$50,000 (usual S$20,000).

Transport Allowance (Loss OF Use)

We will  pay  you  a  daily  transport  allowance of  S$50  per   day  for  the  repair period   recommended  by  our appointed  surveyor  or loss adjuster up to a maximum  of five (5) days  if the Insured  Vehicle  is damaged in an accident covered under  Section I of this Policy and  the repair period  exceeds three (3) days as recommended  by our appointed surveyor  or loss adjuster.

This cover is subject to the following conditions:

  1. We will  not  pay  any  transport  allowance for  any  accident repair not  authorized  by  our appointed surveyor  or loss adjuster
  2. We will not pay  you  any  amount  beyond  the repair period  recommended by our appointed  surveyor  or loss adjuster even  if the repairs take longer. If the Insured Vehicle is repaired sooner than expected, we will only pay you for the number of days it actually took to repair the Insured Vehicle
  3. The  daily  transport  allowance will  not  be  paid   for  any repair  or replacement  of  windscreen and/or window(s)  or a total loss or constructive  total loss claim  or when  the repairs of the Insured  Vehicle  is delayed due to whatever reason(s)
  4. The total amount  payable by  us  under   this  extension shall  not exceed S$250 during the Period of Insurance.

Why do I need to extend my motor insurance to cover the new road tax period that I am paying for?

It is a requirement for LTA to ensure that there is a valid insurance covering the full road tax period. You would usually need to extend your road tax if you have purchased a used car during the first year. Thereafter your road tax should go hand in hand provided that there is no lapse in either one.

Is your motor premium cheaper than other insurers?

We do not believe in price war. Our motor rates are priced according to our statistical records. We do offer competitive ratings on some selected continental cars and matured (age 35 to 49) drivers.

Does your company pay claims on modified cars?

We shall only consider claims for modified cars on the following conditions:

  • Such modifications does not require LTA’s approval (refer to LTA’s website as guide)
  • the modification is not the proximate cause of the loss / accident

The damaged modified parts shall be replaced by original factory fitted parts. The Company shall have the final decision on the type of parts to be indemnified.

No claims is payable if the vehicle’s modification requires LTA’s approval or any modifications not approved by LTA.

Can I purchase motor insurance with NCD Protector?

As long as you are entitled to 30% NCD, we will incorporate the NCD Protector into your motor policy (Subject to our underwriting terms and conditions. We shall have the final decision whether to grant this benefit to your motor policy)

What will happen if I decide not to renew my motor policy with China Taiping after I have made a claim under the policy which comes with NCD protector?

The NCD protector will protect your NCD for 1 claim if you choose to renew with your existing insurer. If you decide not to renew your motor insurance with us, we will confirm your NCD at a lower percentage. Your NCD will be penalized based on the NCD wordings that are stated in our policy jacket.

  1. Get 10% Offence Free Discount when you have 30% NCD & above (applicable to New Business and selected models)

  2. Enjoy free NCD Protector if you have 10% NCD & more (for selected cases and models)

 

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